Brazil President Luiz Inácio Lula da Silva, commonly known as Lula, has approved new legislation outlining the responsibilities of the country’s central bank and securities regulator regarding cryptocurrencies. The government decree, numbered 11.563, was signed on June 14 and provides clarity on the legal framework for cryptocurrencies established by a
June 14, 2023 2 mins read
Bitcoin mining difficulty has reached a new record high, as indicated by data from BTC.com. At block height 794,304, the mining difficulty increased by 2.18% to reach a peak of 52.35 trillion. The average hashrate of the entire network, another important metric, is currently at 383.87 exahashes per second, which
June 14, 2023 1 min read
According to blockchain analytics firm Glassnode, there has been an increase in the transfer of bitcoin (BTC) from miners to centralized exchanges since May 31. Data reveals that miners or entities responsible for minting coins by verifying transactions on the blockchain have moved a total of 6,671.99 BTC ($174 million)
June 13, 2023 2 mins read
XRP prices experienced a 7.4% increase over the past 24 hours, defying minor gains observed in the broader cryptocurrency market. This surge in value is likely attributed to traders speculating on a positive outcome for Ripple Labs in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC).
June 13, 2023 1 min read
Mark Cuban, renowned billionaire, co-host of Shark Tank, and owner of the Dallas Mavericks basketball team, recently retweeted an article that discusses former SEC cyber chief Robert Cohen’s critique of current SEC chair Gary Gensler regarding his actions against crypto companies. Cuban’s retweet signifies his support for the crypto industry
June 12, 2023 2 mins read
The Shiba Inu token (SHIB), previously hailed as the “Dogecoin Killer,” is currently facing challenges as the cryptocurrency market contends with regulatory scrutiny. SHIB has experienced a decline of approximately 20% in its value, resulting in a price level of $0.000006 and diminishing its profitability to a modest 7%. Consequently,
June 12, 2023 1 min read
Shiba Inu has garnered significant attention and gained a strong following, resulting in the emergence of the SHIB army community. This surge in popularity can be attributed to various factors that have contributed to its position as the second-largest meme coin. As time has passed, the SHIB team has established numerous
June 8, 2023 1 min read
Following the disclosure of the SEC’s lawsuit against Coinbase on June 6, there has been a notable increase in users unstaking their staked ether on the exchange. On-chain data compiled by blockchain firm 21 reveals that during this period, a total of 39,550 Coinbase Staked Ether (cbETH) valued at $75
June 8, 2023 1 min read
Ripple CEO Brad Garlinghouse recently shared his perspective on the recent remarks made by SEC Chairman Gary Gensler regarding digital currencies via Twitter. In his statement, Garlinghouse suggested that he perceives certain limitations to the SEC’s authority and interpreted Gensler’s actions as indicative of weakness. Prominent Ripple lawyer reacts to
June 7, 2023 1 min read
Shiba Inu has garnered significant attention and gained a strong following, resulting in the emergence of the SHIB army community. This surge in popularity can be attributed to various factors that have contributed to its position as the second-largest meme coin. As time has passed, Shiba Inu has established numerous partnerships,
June 7, 2023 1 min read